Bigger Picture

The room for our special event at 4:30 is now open. Secure your seat at https://attendee.gotowebinar.com/register/5009866816383302146

Synchronize your watches…
ONE-HOUR COUNTDOWN TO THE POST-CLOSE WEBINAR!
Register here if you haven”t yet: http://vip.marketfy.com/summer-special
See you there at 4:30pm ET.

This is the regular daily announcement for your non-MJ chart analysis requests. There is no Livedesk, but I will type answer requests made in the thread of this post.

Before adding your request here, please be familiar with the guidelines for Non-MJ stock requests:
http://marketfy.com/product/marijuana-stock-technical-trade-alerts/blog/1143/view/47015/

Today”s post-close webinar will include time for your stock requests, after we”ve discussed the Up/Down-Crash indicator and held the contest”s vote.

Welcome to Open”s Interest for Thursday

(Setups and parameters are below…)
This week”s Universe || Last Open”s Interest || Non-MJ Requests

Big Day. Big, big day.

First, a reminder: In place of this morning”s Livedesk, we”re having the weekly Thursday Unlimited post-close webinar. Click here if you haven”t yet registered (it”s NOT on Livedesk). After we discuss my Up/Down-Crash setup, we”ll vote on who gets a FREE year subscription. Then we”ll analyze your on-demand stock chart requests while learning technical analysis techniques.

Second, my Up/Down-Crash setup. We”re starting to see some pop-ups among stocks that have been selling-off relentlessly. I know, could I be more specific. That”s a lot of stock candidates. And that”s what”s so exciting. But different than “blip-ups” that pop only momentarily, I”ve noticed several non-sub-pennies firming, surging, and sticking… on volume.

THIRD, NOTICE THAT THESE POP-UPS HAPPENED WHILE AN SEC HALT WAS LIFTED ON CBGI, ALLOWING IT TO PLUMMET FROM ITS LAST CLOSE. THAT”S A LITTLE DIFFERENT FROM THE PAST TWO MONTHS” ENVIRONMENT. INTERESTING.

One pop-up was MDBX, which had come within $1 of its target on Tuesday. I covered the short, and it closed Wednesday 25% above Tuesday”s low. TAUG popped at day”s end after being under pressure through the day. 

Contest entry rules are in emails you”ve been sent, and on the Activity Feed, and will be repeated later today. Please be sure to register for today”s post-close weekly Thursday Unlimited webinar starting at 4:30 ET.

Enjoy!

Breakout (consolidations or basing that is forming
an accumulative pattern )

none

Pullback Limit
(breakouts and bounces that have retraced 61.8%…
these situations are often make, or break)

MCIG .375 pullback || .45 resistance || .375 stop || .57 target
Retraced Tuesday”s resistance test  on Wednesday.

TAUG .032 pullback || .042 resistance || .029 stop || .055 target
Barely clung to its stop on Tuesday, late surge on Wednesday.

TWMJF 2.45 pullback || 2.65 resistance || 2.40 stop || 3.25 target
Last Wednesday”s key-reversal has been corrected by a dip.

Bottom Fish
(basing after extended decline — not really a “trade”)
(breakdown unconfirmed a 2nd day — only buy strength)

VAPE 1.92 pullback || 3.20 resistance || 2.90 stop || 4.65 target

Be careful holding long if stop isn”t recovered through Thu”s close.

Third-day Surge
(2-day surge to fresh highs at risk of peaking — don”t chase higher)

none

Not a Charm
(third test of retested low — lower lows coming?)

(- MDBX ) 17.75 support || 20.25 bounce || 15.00 stop || 12.25 target
Covered Wednesday.

Falling Knife
(trying to catch the reaction to a steep drop — ouch)

Up/Down-Crash setups :
AGTK (ex-MSWP)
ENRT
ERBB (also in “Rocket Launch”)
MDBX
TWMJF (also in “Pullback Limit”)

Rocket Launch (sudden explosive interest that gains traction)

ERBB .024 pullback || .026 resistance || .023 stop || .050 target

Monitoring
(observations of other stocks of interest)
FITX needs 1-3 more sessions for Up/Dn-Crash setup.
NVLX needs 1-2 more sessions for Up/Dn-Crash setup.

Open”s Interest is the daily pre-open reference for marijuana stock patterns currently of interest, including other insights and overviews.

Following are the non-request stocks we discussed during Livedesk and their order:
STEV, ERBB, EDXX, GWPH, TWMJF, TAUG, MCIG, FITX, VAPE, NVLX, ATTBF, TRTC, AGTK, CBGI…

I”ll send another reminder, but I”m hearing from some who did not receive one this morning. Please try to attend tomorrow”s weekly post-close “Unlimited” session. Not being on Livedesk, it requires registration at the following link:
http://vip.marketfy.com/summer-special

I”ll be reviewing the Up/Down-Crash setup that seems to be having some preliminary influence on the sector. We”ll also have a contest to give away a free year subscription to this service. Your entry is your story about how Marijuana Stock Technical Trader service to help make you money in the markets. Perhaps it was…

– one of my stock picks in Open”s Interest,
– an analysis of yours during Livedesk,
– a technical tip or charting instruction,
– a sell signal to preserve profits and avoid downside,
– taking the opposite side of my idea ;)

Don”t just choose one — Describe it. Elaborate. Embellish. Share your best example of how you make money with Marijuana Stock Technical Trader. .. and then attendees will vote.